How to buy Reece (REH) shares
Learn how to easily invest in Reece shares.
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Reece is an industrial distribution business based in Australia. Reece shares (REH) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian dollars. Reece has a trailing 12-month revenue of around $6.8 billion. If you're looking to buy shares, check out the steps below.
How to buy shares in Reece
- Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the ASX. Our table can help you choose.
- Open and fund your brokerage account. Complete an application with your personal and financial details, such as your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
- Search for Reece . Find the share by name or ticker symbol: REH. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Reece reaches your desired price. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- Check on your investment. Congratulations, you own a part of Reece . Optimise your portfolio by tracking how your stock and the business performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that affect your stock.
Reece stock price (ASX:REH)Use our graph to track the performance of REH stocks over time.
Reece shares at a glance
|52-week range||$14.3 - $28.3593|
|50-day moving average||$16.7474|
|200-day moving average||$20.1421|
|Dividend yield||$0.195 (0.98%)|
|Earnings per share (TTM)||$0.493|
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Is it a good time to buy Reece stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Reece price performance over time
|1 week (2022-06-02)||-7.76%|
|1 month (2022-05-12)||-13.93%|
|3 months (2022-03-11)||-23.60%|
|6 months (2021-12-10)||-42.32%|
|1 year (2021-06-11)||-37.67%|
|2 years (2020-06-12)||57.05%|
|3 years (2019-06-12)||37.74%|
|5 years (2017-06-09)||811.43%|
Is Reece under- or over-valued?
Valuing Reece stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Reece 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Reece 's P/E ratio
Reece 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 29x. In other words, Reece shares trade at around 29x recent earnings.
That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Reece 's EBITDA
Reece 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $601.3 million (£0.0 million).
The EBITDA is a measure of a Reece 's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$6.8 billion|
|Operating margin TTM||7.69%|
|Gross profit TTM||$1.8 billion|
|Return on assets TTM||5.5%|
|Return on equity TTM||11.13%|
|Market capitalisation||$9.3 billion|
TTM: trailing 12 months
Reece share dividends
Dividend payout ratio: 39.8% of net profits
Recently Reece has paid out, on average, around 39.8% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.98% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Reece shareholders could enjoy a 0.98% return on their shares, in the form of dividend payments. In Reece 's case, that would currently equate to about A$0.195 per share.
While Reece 's payout ratio might seem fairly standard, it's worth remembering that Reece may be investing much of the rest of its net profits in future growth.
The latest dividend was paid out to all shareholders who bought their shares by 27 March 2022 (the "ex-dividend date").
Have Reece 's shares ever split?
Reece 's shares were split on a 5:1 basis on 17 December 2017. So if you had owned 1 share the day before the split, the next day you would own 5 shares. This wouldn't directly have changed the overall worth of your Reece shares – just the quantity. However, indirectly, the new 80% lower share price could have impacted the market appetite for Reece shares which in turn could have impacted Reece 's share price.
Reece share price volatility
Over the last 12 months, Reece 's shares have ranged in value from as little as $14.3 up to $28.3593. A popular way to gauge a stock's volatility is its "beta".
Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Reece 's is 0.5043. This would suggest that Reece 's shares are less volatile than average (for this exchange).
Reece Limited engages in the distribution of plumbing, bathroom, heating, ventilation, air-conditioning, waterworks, and refrigeration products in Australia, the United States, and New Zealand. It serves customers in the trade, retail, commercial, and infrastructure markets. Reece Limited sells its products under the Reece, Viadux, Actrol, and Metaflex brands. The company was formerly known as Reece Australia Limited and changed its name to Reece Limited in November 2015. Reece Limited was founded in 1920 and is based in Burwood, Australia.
Reece in the news
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